Menu Home

SECO updates Ukraine-related sanctions with a lot of new listings, and one changed one

Swiss authorities have added a large number of individuals and 18 entities (the PDF is 49 pages long – I gave up counting the individuals) to its “situation in Ukraine” sanctions. They also amended the following existing record:

SSID: 175-52276 Name: Rashnikov Viktor Filippovich Spelling variant: Рашников Виктор Филиппович (Russian)
Sex: M DOB: 313 Oct 1948 POB: Magnitorsk, Russian Federation Nationality: Russian Federation
Justification: a) Viktor Rashnikov is a leading Russian oligarch who is owner and chairman of the Board of Directors of the Magnitogorsk Iron & Steel Works (MMK) company. MMK is one of Russia’s largest taxpayers. The tax burden on the company increased lately, resulting in considerably higher proceeds to the Russian state budget. b) He is therefore a leading Russian businessperson involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine. Other information: a) Oligarch. Owner, chairman of the Board of Directors and chairman of the Committee for Strategic Planning of the Magnitogorsk Iron & Steel Works (MMK). b) Associated entities: Magnitogorsk Iron & Steel Works (MMK) Modifications: Listed on 16 Mar 2022

Links:

FINMA Notice

Data files of updates – PDF, XML

Categories: Sanctions Lists SECO Updates Ukraine sanctions

eric9to5

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: